DLF Limited

NSE: DLF · Residential, Commercial Projects · sector

₹662.30NSE close 2026-10-26

Key numbers

Market cap₹1,63,939 cr

Price₹662.30

52w high / low₹786 / ₹489

P/E35.9xSector median 18.7x

P/B3.6xSector median 1.4x

Book value₹184.2

Dividend yield0.90%Sector median 0.54%

ROE10.3%Sector median 5.5%

ROCE6.3%Sector median 6.5%

OPM14.8%Sector median 12.1%

Debt / equity0.00xSector median 0.36x

EV/EBITDA170.2xSector median 17.7x

Interest cover31.0x

Current ratio1.63x

Sales growth 3y+12.9%Sector median +16.6%

Profit growth 3y+29.4%Sector median +28.0%

PEG1.22x

Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹8,319 cr vs borrowings ₹45 cr (FY26): cash is higher (net cash).
Operating profit covered interest 31.0x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 1 of the last 5 years (FY24).
Revenue was higher than a year earlier in 1 of the last 4 quarters.
Other income was 46% of net profit in the last 12 months.
Dividend paid in 5 of the last 5 financial years.
Price ₹662.30 on 2026-10-26: -15.8% from the 52-week high, +35.3% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹909.65 · low ₹509.75

Quarterly results

₹ cr	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	1,529	3,128	2,717	1,643	2,020	1,814	1,280	1,261
EBITDA	98	978	364	519	330	439	150	23
OPM %	6.4%	31.3%	13.4%	31.6%	16.3%	24.2%	11.7%	1.8%
Other income	209	220	264	619	459	280	325	1,037
Net profit	1,059	1,282	763	1,180	1,203	1,269	794	1,301
EPS (₹)	4.28	5.18	3.08	4.77	4.86	5.12	3.21	5.25
Revenue YoY					+32.2%	-42.0%	-52.9%	-23.3%
Profit YoY					+13.7%	-1.1%	+4.1%	+10.3%

Consolidated figures where filed. Latest quarter Sep 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	5,717	5,695	6,427	7,994	8,194	6,375
EBITDA	1,518	1,726	2,124	1,806	1,651	942
Net profit	1,501	2,036	2,727	4,368	4,415	4,567
EPS (₹)	6.06	8.22	11.02	17.64	17.83	18.44
Revenue growth		-0.4%	+12.9%	+24.4%	+2.5%	-29.3%
Profit growth		+35.6%	+34.0%	+60.2%	+1.1%	+6.6%
Dividend / share (₹)	2.00	3.00	4.00	5.00	6.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+12.9%	+8.6%	-29.3%
Net profit	+29.4%	+32.2%	+6.6%
EPS	+29.4%	+32.2%	–
Share price	–	-12.2% (2y)	-14.0%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	37,688	39,431	42,550	45,473
Borrowings	–	3,334	4,834	4,103	45
Cash & equivalents	–	2,745	4,765	4,693	8,319
Total assets	–	53,928	60,262	69,475	74,875
Fixed assets	–	748	691	630	592
Capital work in progress	–	61	68	77	159
Investments	–	382	444	914	638
Receivables	–	549	538	802	847
Inventory	–	19,361	21,154	24,621	24,717
Payables	–	1,644	1,788	2,261	1,720

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	2,832	2,375	2,539	5,235	6,347
Cash from investing	267	-463	-1,529	-3,543	721
Cash from financing	-3,828	-2,011	176	-2,334	-5,547
Capex	148	64	116	96	129
Free cash flow	2,683	2,312	2,423	5,139	6,218

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	5.4%	6.9%	10.3%	9.7%
ROCE %	–	4.6%	5.7%	5.7%	6.9%
Debtor days	–	35	31	37	38
Inventory days	–	2,903	2,764	2,175	1,861
Payable days	–	246	234	200	129
Cash conversion cycle (days)	–	2,692	2,561	2,012	1,770
Working capital days	–	918	1,072	868	671

Shareholding

Holder	% (2026-09-30)
Promoters	74.08%
FIIs	11.43%
DIIs	9.08%
of which Mutual funds	6.92%
of which Insurance	1.03%
Government	0.00%
Public (non-institutions)	5.41%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	74.08%	74.08%	74.08%	74.08%	74.08%	74.08%	74.08%	74.08%

Promoter group	%
Rajdhani Investments and Agencies Private Limited	61.53%
Prem Traders LLP	3.64%
Mallika Housing Company LLP	2.90%
Raisina Agencies LLP	2.66%
Jhandewalan Ancillaries LLP	1.91%
PIA Singh	0.87%
Parvati Estates LLP	0.26%
Universal Management and Sales LLP	0.22%
Renuka Talwar	0.06%
Rajiv Singh	0.01%
Kavita Singh	0.01%
Anushka Singh	0.00%
K. P. Singh (HUF) [karta- Kushal PAL Singh]	0.00%
Beverly Builders LLP	0.00%
Prem's Will Trust (Trustee- Kushal PAL Singh, Rajiv Singh and PIA Singh)	0.00%

Public holders above 1%	%
Parag Parikh Mutual Fund	2.14%
SBI Mutual Fund	1.57%
Invesco Global Fund	1.22%
ICICI Prudential Mutual Fund	1.08%

4,85,492 shareholders. Pledged: 0.00% of promoter shares.

Peers in Residential, Commercial Projects

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
DLF	₹1,63,939 cr	35.9x	3.6x	10.3%	6.3%	14.8%	+12.9%	0.90%
LODHA	₹97,912 cr	23.7x	4.2x	19.0%	17.9%	32.2%	+20.8%	0.43%
PHOENIXLTD	₹67,737 cr	52.9x	6.2x	11.9%	15.4%	59.1%	+18.8%	0.13%
PRESTIGE	₹60,152 cr	52.8x	3.7x	7.2%	10.5%	28.1%	+15.1%	0.12%
OBEROIRLTY	₹57,522 cr	21.9x	3.0x	14.7%	16.9%	57.1%	+12.8%	0.51%
GODREJPROP	₹45,942 cr	28.7x	2.4x	8.8%	6.9%	-7.7%	+31.6%	–
BRIGADE	₹17,781 cr	25.6x	2.6x	11.2%	10.9%	27.0%	+18.3%	0.35%
ANANTRAJ	₹16,514 cr	27.8x	2.9x	11.6%	11.1%	27.0%	+37.9%	0.15%
SOBHA	₹12,247 cr	64.1x	2.6x	4.1%	6.5%	6.5%	+16.2%	0.26%
ABREL	₹12,035 cr	–	3.2x	-3.1%	-4.4%	-88.7%	-56.1%	0.18%

All 141 companies in Residential, Commercial Projects →

Business segments (2026-09-30)

Segment	Revenue	Share	EBIT	Margin
Real Estate	₹1,103 cr	87.0%	₹245 cr	22.2%
Rental	₹165 cr	13.0%	₹854 cr	519.0%

Dividends & corporate actions

Ex-date	Action	Detail
2026-07-27	Dividend	Dividend - Rs 8 Per Share
2025-07-28	Dividend	Dividend - Rs 6 Per Share
2024-07-31	Dividend	Dividend - Rs 5 Per Share
2023-07-28	Dividend	Dividend - Rs 4 Per Share
2022-08-02	Dividend	Dividend - Rs 3 Per Share
2021-08-23	Dividend	Dividend - Rs 2 Per Share
2020-09-15	Dividend	Annual General Meeting/Dividend - Rs 0.80 Per Share
2020-02-12	Dividend	Interim Dividend - Rs 1.20 Per Share
2019-07-22	Dividend	Annual General Meeting/Dividend - Rs 2 Per Share
2018-09-12	Dividend	Annual General Meeting/Dividend Re 0.80 Per Share (Purpose Revised)
2018-03-27	Dividend	Interim Dividend - Rs 1.20 Per Share (Purpose Revised)
2017-09-19	Dividend	Dividend - Rs 2/- Per Share
2016-03-28	Dividend	Interim Dividend - Rs 2/- Per Share (Purpose Revised)
2015-08-17	Dividend	Dividend - Rs 2/- Per Share
2014-08-19	Dividend	Annual General Meeting/Dividend Rs.2/- Per Share
2013-07-30	Dividend	Annual General Meeting/Dividend Rs 2/- Per Share
2012-08-24	Dividend	Annual General Meeting/Dividend Rs 2 Per Share
2011-07-27	Dividend	Dividend-Rs.2/- Per Share
2010-09-17	Dividend	Annual General Meeting And Dividend Rs.2/- Per Share
2009-09-22	Dividend	Dividend-Rs.2/- Per Share

Documents

Links go to the original files on the exchange website.

About the company

Real Estate: Real Estate Activities with own or leased property


Sector	Consumer Discretionary
Industry	Residential, Commercial Projects
Sub-industry	Residential, Commercial Projects
Symbol	DLF
BSE code	532868
ISIN	INE271C01023
Face value	₹2.0
Incorporated	1963-07-04
Website	https://www.dlf.in
Plants (India / abroad)	0 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.